Perimeter Financial Corp. announced that its market to trade asset-backed commercial paper will open on November 14.
The market, which will be operated by Perimeter’s wholly-owned subsidiary Perimeter Markets Inc., will be open to members of the Investment Dealers Association of Canada and institutional investors wishing to buy, or sell, ABCP holdings. All trading will be done on an anonymous counter-party basis. All limit prices and all post-trade details will be made available to the public.
The following trusts will be eligible for trading:
- Apollo Trust
- Aurora Trust
- Comet Trust
- Gemini Trust
- Planet Trust
- Rocket Trust
- Slate Trust
- Ironstone Trust
- MMAI Trust
- Silverstone Trust
- Structured Asset Trust
- Structured Investment Trust III
- Skeena Capital Trust
- Aria Trust
- Encore Trust
- Newshore Canadian Trust
- Opus Trust
- Symphony Trust
- Apsley Trust
- Devonshire Trust
- White Hall Trust, and
- Selkirk Funding Trust.
Additionally, fixed rate notes and bonds subsequently issued by the trusts or as output to the restructuring process will be considered based on client demand.
“There has been an increasing demand from our customers, and other affected parties, for assistance in creating liquidity in the ABCP markets” said Doug Steiner, chairman and CEO of Perimeter Financial. “We feel that this is a timely opportunity to leverage the infrastructure and client network within Perimeter to help create a viable market for these instruments.”